plan provides employees with the option to make retirement contributions on a
tax-deferred basis.Taxes are deferred
on employee contributions and investment earnings until date of retirement or
savings are withdrawn.
plan offers a menu of investment options through mutual funds.
employees may participate through payroll deduction.
does not contribute to this plan. ABC contributes to the ABC Retirement Plan.
contributions can be a percentage of salary or fixed dollar amount.Contributions are taken off each paycheck and
are deducted from gross pay.State and
federal taxes are calculated on the lower salary, reducing the employee's
who wish to participate must complete the appropriate forms.Forms are available through the Benefits
every attempt has been made to ensure the accuracy of the above summary, the actual
Plan text will prevail in the event of any discrepancy as this policy does not
constitute a legal document.